Teenagers in the US today are working less, having less sex and are far less happy than previous generations because of increased use of smartphones, says a social psychologist who has been researching generational differences for 25 years.

A new report says India is set to increase its domestic localisation rate from 6.1% in 2016 to 25.8% in 2019, which translates to Rs 31,000 crore in value generated through local sourcing and assembly.